Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported weaker quarterly results than expected and announced a new interim chief financial officer as well as plans to appoint new board…
GoPro Inc. is reducing prices that were raised earlier in the COVID-19 pandemic, after the action-camera company announced that revenue declined nearly 20% in the first three months of the year. GoPro GPRO announced that it will return to prepandemic pricing structures on its lineup of cameras, slicing $50 to…
House Speaker Kevin McCarthy on Tuesday said he “didn’t see any new movement” toward ending Washington’s standoff over the debt ceiling, as he assessed how a much-anticipated meeting on the issue went. President Joe Biden hosted the meeting at the White House with the country’s four top lawmakers, and beforehand…
The 2-year Treasury yield rose Monday, extending the gain seen at the end of last week after a stronger-than-expected April jobs report, while investors assessed the latest Fed Senior Loan Officer Opinion Survey for signs that financial institutions have tightened lending standards after the collapse of three U.S. regional banks.…
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Treasury Secretary Janet Yellen on Monday warned a breach of the U.S. debt ceiling could cause “financial chaos” and downgrade the status of the U.S. dollar as the world’s reserve currency. Yellen spoke in a CNBC interview a day before President Joe Biden and House Speaker Kevin McCarthy are scheduled…
The numbers: Lending officers at major banks told the Federal Reserve on Monday that in the first three months of the year they tightened standards and saw reduced demand. The banks said they expected the tightening trend to continue all year. Key details: In the first-quarter Senior Loan Officer Opinion…
U.S. stocks posted a mixed finish Monday, struggling for direction as investors weighed a Federal Reserve survey of loan officers for signs of a credit crunch, awaited inflation data due this week and tracked choppy trading in shares of regional banks. A small rise for the Nasdaq Composite, however, was…
PayPal Holdings Inc. beat estimates with its quarterly results Monday, but its shares were headed lower in after-hours action as Wall Street unpacked how much of PayPal’s growth is coming from a lower-margin part of the business. While PayPal PYPL executives boosted their profit forecast for the full year and…